X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Risk Management Solutions (RMS) says insured losses from the March 11 Japan earthquake and tsunami will likely range between $21 billion and $34 billion, including both P&C and life and health claims.

Specifically, RMS says it estimates property losses of between $18 billion and $26 billion.

“The insured loss total reflects losses across multiple lines, including local market residential, cooperative insurers, domestic and international commercial and industrial lines, international facultative placements, marine and aviation lines,” the modeler explained. “The losses for commercial and industrial risks are modeled to include the impacts of both direct and contingent business interruption. Also included is the expected impact of post-event loss amplification, particularly to the commercial and industrial lines.”

propertycasualty360

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.